# The Hill Livestock (Compensatory Allowances) Regulations (Northern Ireland) 1996, Regulation 13: Rate of interest

Extent: N.I.

Except where the Department recovers from any applicant any compensatory allowance or part of any compensatory allowance paid to that applicant as a result of an error of the Department, for the purpose of Article 14(1) of the Commission Regulation No. 3887/92, interest shall be charged at the rate of one percentage point above the sterling three months London Interbank Offered Rate on a day to day basis for the period specified in that Article.

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Source: https://www.legislation.gov.uk/nisr/1996/230/regulation/13 (the official version)
Page: https://openlegislation.uk/hill-livestock-compensatory-allowances-regulations-northern-ireland-1996/regulation-13
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.